Athabasca Oil Co. (OTCMKTS:ATHOF – Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.65 and traded as high as $3.70. Athabasca Oil shares last traded at $3.68, with a volume of 172,511 shares.
Wall Street Analysts Forecast Growth
Separately, Raymond James started coverage on shares of Athabasca Oil in a research note on Friday, October 18th. They issued a “market perform” rating and a $5.50 price objective on the stock.
Read Our Latest Analysis on Athabasca Oil
Athabasca Oil Stock Performance
About Athabasca Oil
Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.
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